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Old 05-11-2012, 09:37 PM   #21
hygtfrdes

Join Date
Oct 2005
Posts
434
Senior Member
Default
What about the suppliers? If the price of Big Macs double and your paycheck increases by the same amount, how have you gained anything? Not to mention the fact that everyone who has anything saved just lost half their money.
I don't know labor prices and labor cost proportions with suppliers and distributors but I doubt it would cause a doubling of prices. 40% increase is a complete guess but I think it's appropriate. It would be a 20% increase if the wage law affected the retail level only


By the way, I've never made $15/hr in my life.
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